Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.

Quote by Paul Samuelson

Topics: Paul Samuelson Quotes

Every good cause is worth some inefficiency.

Every good cause is worth some inefficiency.

What we know about the global financial crisis is that we don't know very much.

What we know about the global financial crisis is that we don't know very much.

Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian...

Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian...

An intriguing paradox of the 1990s is that it isn't called a decade of greed.

An intriguing paradox of the 1990s is that it isn't called a decade of greed.

Sooner or later the Internet will become profitable. It's an old story played before by...

Sooner or later the Internet will become profitable. It's an old story played before by...

Funeral by funeral, theory advances.

Funeral by funeral, theory advances.

Politicians like to tell people what they want to hear - and what they want...

Politicians like to tell people what they want to hear - and what they want...

It is not easy to get rich in Las Vegas, at Churchill Downs, or at...

It is not easy to get rich in Las Vegas, at Churchill Downs, or at...

Economics has never been a science - and it is even less now than a...

Economics has never been a science - and it is even less now than a...

Investing should be more like watching paint dry or watching grass grow. If you want...

Investing should be more like watching paint dry or watching grass grow. If you want...

The problem is no longer that with every pair of hands that comes into the...

The problem is no longer that with every pair of hands that comes into the...

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.